Table 16-2
The following table shows the total output produced by the top six firms as well as the total industry output for each industry.
-Refer to Table 16-2. What is the concentration ratio for Industry L?
A)about 99%
B)about 77%
C)about 41%
D)about 16%

Question

Table 16-2
The following table shows the total output produced by the top six firms as well as the total industry output for each industry. 
-Refer to Table 16-2. What is the concentration ratio for Industry L?
A)about 99% 
B)about 77% 
C)about 41% 
D)about 16%

Quizplus · Accepted Answer

The concentration ratio is calculated by summing the market shares of the largest firms in the industry. In this case, the concentration ratio for Industry L is about 77%.

Table 16-2 the Following Table Shows the Total Output Produced by the by the Top